Acceptable Cost Share Sample Clauses

Acceptable Cost Share. An acceptable Cost Share must be verifiable from financial records and must not be included as a cost sharing contribution for any other Federal Government contract vehicle. Cost Share cannot be paid by the Federal Government under another contract vehicle, except that Independent Research and Development (IR&D) costs that otherwise meet the Cost Share requirements of 10 U.S.C. § 2371b are allowable subject to the cost principles of FAR 31.205-18 applicable to IR&D costs. The CM's liability to make payments to the Consortium Member is limited only to those funds obligated under Project Agreements executed under this Agreement. The CM as directed by the Government may incrementally fund projects in accordance with the Incremental Funding clause. If a modification becomes necessary in performance of Project Agreements the CM, and the Consortium Member shall establish and execute a revised Schedule of Payable Milestones consistent with the current project plan based on direction from the Agreement Officer. All schedules of Milestone Payments for Project Agreements will include the applicable negotiated Line Items and Payable Milestones for each selected and funded prototype. For fixed price prototype projects payments will be based on the completed milestone performed by the Consortium Member, and for cost type prototype projects, payments will be based on actual costs incurred. Any costs incurred prior to the execution of any Project Agreement will be the sole responsibility of the Consortium Member and will not be used as the basis of a claim against or construed as an obligation to the CM or Government.